Intel and Altera announced on June 1, 2015, that they had entered into a definitive agreement under which Intel would acquire Altera. The transaction closed December 28, 2015. The acquisition couples Intel’s leading-edge products and manufacturing process with Altera’s leading field-programmable gate array (FPGA) technology. The combination enables new classes of products that meet customer needs in the data center and Internet of Things (IoT) market segments.